Taking this into account, National Bank Financial upgraded its Toronto Dominion Bank [TD] rating to a Sector perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. National Bank Financial also remained covering TD and has decreased its forecast on May 23, 2024 with a “an Underperform” recommendation from previously “Sector perform” rating. Scotiabank revised its rating on April 17, 2024. It rated TD as “a Sector outperform” which previously was an “a Sector perform”.
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Price Performance Review of TD
On Tuesday, Toronto Dominion Bank [NYSE:TD] saw its stock fall -0.61% to $63.41. Over the last five days, the stock has lost -0.20%. Toronto Dominion Bank shares have fallen nearly -1.87% since the year began. Nevertheless, the stocks have risen 8.58% over the past one year. While a 52-week high of $65.12 was reached on 01/08/24, a 52-week low of $53.52 was recorded on 06/14/24. SMA at 50 days reached $60.50, while 200 days put it at $59.01.
Levels Of Support And Resistance For TD Stock
The 24-hour chart illustrates a support level at 63.05, which if violated will result in even more drops to 62.69. On the upside, there is a resistance level at 63.84. A further resistance level may holdings at 64.27. The Relative Strength Index (RSI) on the 14-day chart is 59.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.29%. Stochastics %K at 46.75% indicates the stock is a holding.
How much short interest is there in Toronto Dominion Bank?
A steep rise in short interest was recorded in Toronto Dominion Bank stocks on 2024-09-13, growing by 8.23 million shares to a total of 18.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.28 million shares. There was a rise of 44.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 20, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating .
